Bitcoin Accepted In Ukrainian VIP Market For Carrots and Tomatoes

Ukraine is taking its first steps towards the general adoption of cryptocurrencies by accepting payment with 13 digital currencies in one of the central markets in Kiev, the Ukrainian capital.

The transaction is carried out through Paytomat, an Estonian cryptocurrency payment processor, which is helping the adoption by facilitating the payment of goods and services with the most popular cryptocurrencies to merchants throughout Europe.

The list of 13 cryptocurrencies admitted to the “Bessarabsky Market” includes, among others, Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), EOS, Dash (DASH), NEM (XEM) , Nano (NANO) and ZenCash (ZEN). Those interested in buying in this premium market, which has mostly high quality fruit and vegetable sales and is very popular with tourists, can do so through any virtual wallet or using the Paytomat application (available for iOS and Android).

After the client decides which cryptocurrency will make the payment, the application shows a QR code for the person to send the funds corresponding to their purchase. Once the transaction is made, the payment processor performs the settlement in the merchant’s local fiduciary currency and sends the payment notification.

Currently, more than 329 merchants in six European countries (Ukraine, Georgia, the Netherlands, the Czech Republic, Bulgaria and Poland) accept encrypted payments with the help of Paytomat.

According to the director of the market, Nikolay Kovalchuk, accepting cryptocurrencies will offer customers a new experience and attract a new audience of enthusiasts of this technology, since, for him, increasing the options for customers is the way to the growth of sales.

For his part, the operational director of Paytomat in Ukraine, Aleksandr Kurinnoi, said that this initiative, which aims to show the simplicity of using cryptocurrencies in everyday life, is called Babushka (“grandmother” in Spanish).

Paytomat currently offers three different ways to pay with crypto: via Posnet terminals, through a web panel or through a single QR code (as in the example of the Ukrainian market).

From the payment company they specified that from the third quarter of 2018 they plan to implement support for payments through chatbots in Telegram (messaging application), and in the fourth quarter of 2018, they anticipated that they will add support for online payments through add-ons free e-commerce.